10 things to know for managing Government Assets

Government Assets include not only the government assets used in government agencies by government employees, but also the government assets in the custody of non-government agencies, used by non-government employees.

Managing government assets is not only the responsibility of government employees but also the employees of many government contractors and non-profit organizations. These private entities receive federal contracts or federal grants and often have the responsibility of managing government assets in their custody.

Managing government assets needs to be compliant to various regulations from federal government (FAR/DFARS, CFR, Uniform Guidance) and state authorities. These regulations can vary in specifics, but overall, they want to encourage best practices in managing physical assets.